German economy witnessed moderate growth in Q3

FXStreet (Mumbai) - The data released by the German Federal Statistical Office (Destatis) showed the gross domestic product (GDP) increased 0.3% as estimated - upon price, seasonal and calendar adjustment - in the third quarter of 2015 compared with the previous quarter.

In the first two quarters of the year, the GDP had also increased moderately, that is, by 0.4% in the second quarter and by 0.3% in the first quarter of 2015. The annualised GDP came-in as expected at 1.8%.

The official report says the balance of exports and imports had a negative effect on the gross domestic product growth (–0.4 percentage points).
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